Cost of Living in Warrick County, Indiana

$1,008/mo
Median Monthly Rent
$228,900
Median Home Value
14% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,008/mo
14% above state average
Median Home Value
$228,900
19% below national
Rent-to-Income Ratio
23.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Warrick County Compares

Median monthly rent comparison

Warrick County$1,008/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$1,008/mo
Median Gross Rent
$228,900
Median Home Value
$1,127/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Warrick County, Indiana

Warrick County balances higher costs with strong incomes

Renters spend 12.7% of their income on housing, well within the sustainable 12-15% range despite paying $1,008 monthly rent—Indiana's highest. The key: median household income of $95,027 is 27% above the national median, making higher costs proportionate to earnings.

Highest incomes, highest rents in Indiana

Warrick County's 12.7% rent-to-income ratio ranks among Indiana's best despite having the state's highest rents and home values. The county's median income of $95,027 far exceeds the state average, allowing residents to absorb higher housing costs comfortably.

Premium living in the region

Warrick County's $1,008 rent and $1,127 homeowner costs are substantially higher than all peer counties—$44 and $264 above the next-highest, respectively. However, its median income of $95,027 is also the region's strongest, justifying the premium.

Higher costs, but proportionate incomes

Monthly rent averages $1,008 while homeowner costs run $1,127 against median household income of $95,027. Though housing consumes 12.7% of income, the high earnings mean families have more discretionary income than lower-wage counties.

Warrick County rewards higher earners

If you're relocating with a strong income, Warrick County's higher housing costs buy access to pricier homes ($228,900 median) and more affluent communities. The 12.7% rent-to-income ratio confirms that costs remain manageable for households earning near $95,000.

Affordability Calculator

See how your income compares to housing costs in Warrick County

$

Rent Burden

12.7%

of gross income

Max Housing (28% Rule)

$2,217

per month

Owner Cost Burden

14.2%

of gross income

You can likely afford the median home in Warrick County

Median home value is $228,900. Estimated monthly cost: $1,827 vs. your max of $2,217.

Rent Affordability Guide

Your rent-to-income ratio12.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Warrick County, Indiana?
Warrick County, Indiana has a median monthly rent of $1,008/mo and a median home value of $228,900. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Warrick County?
The median gross rent in Warrick County is $1,008/mo. This is 14% above state average for Indiana.
Is Warrick County affordable?
Warrick County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Warrick County's rent compare to the state average?
Warrick County's median rent of $1,008/mo is 14% above state average of $883/mo for Indiana.
What is the median home value in Warrick County?
The median home value in Warrick County, Indiana is $228,900. This is 19% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.